Wellspring of Life

Analysis

Wellspring of Life is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Wellspring of Life reported income of $156k and spending of $131k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $155k to $156k (+0.7%), an average of +0.2% a year. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wellspring of Life sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Haiti Christian Union Missions Inc ($156k), American Institute Bangladesh Stu ($156k) and Soqya4life ($156k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $51k. At year end it held assets of $108k against liabilities of $28k, net assets of $80k. It reported 3 employees.